ACB Bank says 9-month pretax profit jumps

VNStockNews.com - Asia Commercial Joint Stock Bank, Vietnam’s fourth-biggest listed company by market value, said pretax profit reached almost VND1.8 trillion (US$101 million) for the January-to-September period, up 35.5% year on year.

Total assets were valued at VND165.6 trillion as of Sept. 30, a 50% surge from the same time last year, the bank said in an e-mailed statement Friday.

Outstanding loans at ACB, 15% owned by Standard Chartered Plc, totaled VND61 trillion as of Sept. 30, and deposits were more than VND112 trillion, the lender said, without giving any comparative figures.

Shares of ACB gained 1.1% to close at VND45,000 on the Hanoi Stock Exchange today. The VH Index, which tracks stocks on Vietnam’s smaller bourse, rose for a fourth day, adding 2.8%, to 189.65.